global digital pressure gauges market

Global Digital Pressure Gauges Market to Log a CAGR of Over 3.09% between 2018 and 2025 – QY Research

Author: QYResearch | Published Date: 2018-11-07| Views: 60

The revenue of the global Digital Pressure Gauges market increased from a US$ 449.4 Mn earned in 2013 to US$ 507.5 Mn in 2017 with a CAGR of more than 3.09% during the forecast period 2018-2025.

Global Digital Pressure Gauges Market: Drivers

The maritime industry is foretold to improve the demand for Digital Pressure Gauges in the coming years. Increasing number of applications of Digital Pressure Gauges could further stoke the demand in the global market. Apart these specially manufactured gauges that use in the maritime industry, the global Digital Pressure Gauges market also offers a wide range of products, including panel-mounted, differential pressure, process, and “percent of reading” gauges that are intrinsically safe. Thus, the easy availability of products offered in the global Digital Pressure Gauges market is expected to encourage growth in the near future.

Global Digital Pressure Gauges Market: Restraint

High operation costs of AUVs are limiting the growth of the global Digital Pressure Gauges market. Although the demand for AUVs has been increasing rapidly in almost all sectors, there are a few restrictions imposed by the governments and defense authorities in various countries, such as the US, on using AUVs. Some of these international, federal, state, and local authorities include the Environmental Protection Agency, the Federal Trade Commission, and the US Department of State and Defense Regulations.

Global Digital Pressure Gauges Market: Forecast

The revenue of the global Digital Pressure Gauges market increased from a US$ 516 Mn earned in 2018 to US$ 540 Mn in 2023 with a CAGR of more than 3.09%.

Global Digital Pressure Gauges Market: Forecast by Competition Status

The Nagano (FUKUDA & Ashcroft) is the biggest player of the global Digital Pressure Gauges market. It accounted for about 14.22% of the total output revenue of the global Digital Pressure Gauges market in 2017.

Global Digital Pressure Gauges Market: Forecast by Type

There are five major classifications of the global Digital Pressure Gauges market studied in this report. Globally, the output volume share of ±0.1% of span was 28.20% in 2017.

Global Digital Pressure Gauges Market: Forecast by Region

The US is the market with the biggest output. It occupied about 32.36% of the global Digital Pressure Gauges market in 2016. Japan could be another prominent market for Digital Pressure Gauges. It accounted for around 36.17% share of the global market. However, other countries have a small market size.